XML 41 R28.htm IDEA: XBRL DOCUMENT v3.21.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Schedule of Revenue from External Customers Revenue from external customers (including, but not limited to homeowners) for each group of similar products and services is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
Customer agreements$196,935 $98,525 $354,765 $192,778 
Incentives22,539 7,570 39,305 12,441 
Customer agreements and incentives219,474 106,095 394,070 205,219 
Solar energy systems90,422 44,579 179,472 115,856 
Products91,270 30,620 162,418 70,950 
Solar energy systems and product sales181,692 75,199 341,890 186,806 
Total revenue$401,166 $181,294 $735,960 $392,025 
Cash and Restricted Cash Cash and restricted cash consists of the following (in thousands):
Six Months Ended June 30,
  20212020
Beginning of period:
   Cash $519,965 $269,577 
   Restricted cash, current and long-term188,243 93,652 
Total$708,208 $363,229 
End of period:
   Cash $679,588 $269,569 
   Restricted cash, current and long-term178,015 84,663 
Total$857,603 $354,232 
Cash and Restricted Cash Cash and restricted cash consists of the following (in thousands):
Six Months Ended June 30,
  20212020
Beginning of period:
   Cash $519,965 $269,577 
   Restricted cash, current and long-term188,243 93,652 
Total$708,208 $363,229 
End of period:
   Cash $679,588 $269,569 
   Restricted cash, current and long-term178,015 84,663 
Total$857,603 $354,232 
Accounts Receivable, Net Accounts receivable, net, consists of the following (in thousands):
  June 30, 2021 December 31, 2020
Customer receivables$164,260 $97,723 
Other receivables812 710 
Rebates receivable5,145 1,569 
Allowance for credit losses(7,248)(4,861)
Total$162,969 $95,141 
Deferred Revenue The opening balance of deferred revenue was $729.5 million as of December 31, 2019. Deferred revenue consists of the following (in thousands):
 June 30, 2021December 31, 2020
Under Customer Agreements:
Payments received, net$637,388 $614,906 
Financing component balance55,187 51,835 
692,575 666,741 
Under SREC contracts:
Payments received, net136,473 126,793 
Financing component balance7,145 5,742 
143,618 132,535 
Total$836,193 $799,276